Insider Selling: HomeStreet, Inc. (NASDAQ:HMST) EVP Sells 4,636 Shares of Stock

HomeStreet, Inc. (NASDAQ:HMST) EVP Godfrey B. Evans sold 4,636 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $11.55, for a total transaction of $53,545.80. Following the completion of the sale, the executive vice president now owns 67,049 shares of the company’s stock, valued at $774,415.95. This trade represents a 6.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

HomeStreet Price Performance

Shares of HMST traded down $0.34 during mid-day trading on Tuesday, reaching $11.46. 140,712 shares of the company’s stock were exchanged, compared to its average volume of 198,749. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.94. HomeStreet, Inc. has a 52-week low of $5.98 and a 52-week high of $16.10. The company has a market cap of $216.11 million, a price-to-earnings ratio of -8.86 and a beta of 1.42. The company has a 50-day simple moving average of $13.38 and a two-hundred day simple moving average of $12.72.

Hedge Funds Weigh In On HomeStreet

A number of institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new stake in shares of HomeStreet during the second quarter valued at $122,000. EMC Capital Management boosted its stake in shares of HomeStreet by 16.2% during the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,201 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after buying an additional 2,703 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of HomeStreet by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock valued at $218,000 after buying an additional 1,354 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after buying an additional 17,578 shares during the period. 74.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wedbush upgraded HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Tuesday, November 5th. StockNews.com initiated coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating on the stock. Janney Montgomery Scott downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

About HomeStreet

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.